The residential park home sector has outperformed the rest in house price growth over the past six months, with a 6.7% increase, analysis by Regency Living revealed.
Research found that the average price of park homes increased from £135,712 in August 2024 to £144,748.
Since August 2024, the average price of detached houses in England fell by 1%, now averaging £463,773.
Flats also declined by 0.5%, sitting at £254,005, while terraced homes saw a slight increase of 0.4%, reaching an average of £258,829.
Semi-detached homes had a stronger performance, with price growth of 0.6%, now averaging £300,502.
Tim Simmons, sales and marketing director at Regency Living, said: “The park home property market is unique in the sense that it’s really one step removed from the wider bricks and mortar sector and so it rarely falls foul of the economic factors that can cause house prices to stagnate. This is due to a number of reasons.
“First of all, park homes aren’t subject to stamp duty charges, however, perhaps their largest draw is the speed and certainty of the selling timeline.
Simmons added: “Of course, those looking to downsize also benefit from a great deal of equity released when doing so, equity that provides a greater degree of financial stability and many park home providers will also offer a part exchange service, making the process even quicker.
“With park home buyers in a far stronger position than most, it also means that park home market values remain far more buoyant.”
